上海君澜律师事务所 关于 上海晶丰明源半导体股份有限公司 调整 2025 年限制性股票激励计划及 首次授予相关事项 之 法律意见书 二〇二五年七月 （一）本所律师依据《中华人民共和国证券法》《律师事务所从事证券法 律业务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定及 本法律意见书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵 循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保证本法律意见所认 定的事实真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记 载、误导性陈述或者重大遗漏，并承担相应法律责任。 （二）本所已得到晶丰明源如下保证：晶丰明源向本所律师提供了为出具 本法律意见书所必需的全部文件，所有文件真实、完整、合法、有效，所有文 件的副本或复印件均与正本或原件相符，所有文件上的签名、印章均为真实； 且一切足以影响本所律师做出法律判断的事实和文件均已披露，并无任何隐瞒、 误导、疏漏之处。 上海君澜律师事务所 法律意见书 上海君澜律师事务所 关于上海晶丰明源半导体股份有限公司 调整 2025 年限制性股票激励计划及首次授予相关事项之 法律意见书 致：上海晶丰明源半导体股份 ...

Core Viewpoint - Chip stocks experienced a rebound in the afternoon, with several major stocks seeing significant gains, indicating a positive trend in the semiconductor sector [1] Group 1: Stock Performance - Companies such as Cambricon, Taiji, Shengke Communication, Huahong Group, and Jingfeng Mingyuan all saw their stock prices rise by over 5% [1] - Other companies including SMIC, Aishi Chuang, Guoxin Technology, Shengbang Technology, and Guomin Technology also followed suit with notable increases [1]

Core Viewpoint - The Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd. has approved the 2025 Restricted Stock Incentive Plan and the list of initial grant incentive objects, ensuring compliance with relevant regulations and internal procedures [1][2]. Disclosure and Review Process - The company disclosed the 2025 Restricted Stock Incentive Plan and the list of initial grant incentive objects on the Shanghai Stock Exchange website on June 27, 2025 [2]. - The public announcement period for the incentive objects lasted from June 27, 2025, to July 6, 2025, allowing employees to provide feedback [2][3]. - No objections were received from any organization or individual regarding the proposed incentive objects by the end of the public announcement period [3]. Supervisory Board's Review Opinion - The Supervisory Board confirmed that the list of incentive objects aligns with the defined scope of the incentive plan, including directors, senior management, core technical personnel, and other personnel deemed necessary for incentives [3][4]. - The incentive objects meet the qualifications stipulated by the Company Law and Securities Law, as well as the conditions set forth in the management regulations [4][5]. - The basic information of the incentive objects is accurate, with no instances of falsehood or significant misrepresentation [4]. - The incentive objects do not include independent directors, supervisors, or shareholders holding more than 5% of the company's shares [5].

上海晶丰明源半导体股份有限公司 2025 年第二次临时股东大会 公司代码：688368 公司简称：晶丰明源 上海晶丰明源半导体股份有限公司 上海晶丰明源半导体股份有限公司 2025 年第二次临时股东大会 目 录 议案一：关于《公司 2025 年限制性股票激励计划（草案） 上海晶丰明源半导体股份有限公司 2025 年第二次临时股东大会 上海晶丰明源半导体股份有限公司 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保 证大 会的顺利进行，根据 《中华人民共和国公司法》（以下简称 "《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股 东大会规则》以及《上海晶丰明源半导体股份有限公司章程》（以下简称"《公 司章程》"）、《上海晶丰明源半导体股份有限公司股东大会议事规则》等相关 规定，特制定上海晶丰明源半导体股份有限公司（以下简称"公司"）2025 年第 二次临时股东大会会议须知： 一、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工 作人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权 ...

证券代码：688368 证券简称：晶丰明源 公告编号：2025-051 上海晶丰明源半导体股份有限公司 （2）公司于 2025 年 6 月 27 日至 2025 年 7 月 6 日在公司内部对本次拟激励 对象的姓名和职务进行了公示，公示时间共 10 天，公司员工可在公示期限内向 监事会提出反馈意见。 监事会关于公司 2025 年限制性股票激励计划 首次授予激励对象名单的审核意见及公示情况说明 本公司监事会及全体监事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 上海晶丰明源半导体股份有限公司（以下简称"公司"）于 2025 年 6 月 26 日召开的第三届董事会第二十七次会议、第三届监事会第二十四次会议审议通过 了《关于<公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》等议案。 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《科创板上 市公司自律监管指南第 4 号——股权激励信息披露》的相关规定，公司对《上海 晶丰明源半导体股份有限公司 2025 年限制性股票激励计划（草案）》（以下简称 "本激励计划"）及其摘要中确 ...

上海晶丰明源半导体股份有限公司 2025 年第二次临时股东大会 公司代码：688368 公司简称：晶丰明源 上海晶丰明源半导体股份有限公司 2025 年第二次临时股东大会会议资料 2025 年 7 月 1 上海晶丰明源半导体股份有限公司 2025 年第二次临时股东大会 目 录 | 上海晶丰明源半导体股份有限公司 | 年第二次临时股东大会会议须知 3 2025 | | | | --- | --- | --- | --- | | 上海晶丰明源半导体股份有限公司 | 2025 年第二次临时股东大会会议议程 5 | | | | 议案一：关于《公司 2025 | 年限制性股票激励计划（草案）》及其摘要的议案 | | 7 | | 议案二：关于《公司 2025 | 年限制性股票激励计划实施考核管理办法》的议案 | | 8 | | 议案三：关于提请股东大会授权董事会办理公司股权激励计划相关事宜的议案 | | | 9 | 2 上海晶丰明源半导体股份有限公司 2025 年第二次临时股东大会 上海晶丰明源半导体股份有限公司 2025 年第二次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保 证 ...

Core Viewpoint - The semiconductor industry in China is experiencing challenges in mergers and acquisitions (M&A), despite the introduction of supportive policies. The current market conditions and valuation discrepancies are significant hurdles for companies seeking to consolidate and grow through M&A [1][2][3]. Group 1: Industry Overview - The 2025 Ninth Micro-Semiconductor Conference highlighted the ongoing discussions about M&A in the semiconductor sector, indicating a lack of large-scale consolidation despite numerous policy initiatives [1]. - Industry experts believe that the Chinese semiconductor market has not yet entered a significant M&A wave, citing various challenges and complexities involved in the process [1][2]. Group 2: M&A Challenges - Hu Liqiang from Jingfeng Mingyuan emphasized that M&A is a complex process, often described as a "charming trap," where companies aim to quickly integrate resources and enhance competitiveness [2]. - The success rate of M&A efforts in the semiconductor sector is low, with Xiaomi's investment arm reporting only a 5%-10% success rate in their M&A projects over the past year [3]. - Valuation discrepancies between primary and secondary markets pose a significant challenge, with some semiconductor assets experiencing valuation multiples that are misaligned [3][5]. Group 3: Strategic Importance of M&A - Yang Lianfeng from Gai Lun Electronics noted that M&A is not only a means for companies to grow but also a necessary step for the industry's overall development, particularly during the critical phase of domestic substitution [4]. - The importance of aligning the entrepreneurial team's vision with industry logic is crucial for successful M&A, as misalignment can lead to post-merger challenges [5]. Group 4: Future Outlook - Industry leaders call for a balanced approach to address market fluctuations and the need for rational asset valuation to facilitate smoother M&A processes [6]. - The integration of the semiconductor industry is seen as an inevitable trend, with M&A being essential for technological breakthroughs and resource consolidation, especially in the face of increasing external pressures [6][7].

证券代码：688368 证券简称：晶丰明源 公告编号：2025-050 上海晶丰明源半导体股份有限公司 关于董事会秘书离任的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海晶丰明源半导体股份有限公司（以下简称"公司"）董事会于近日收到 了公司董事会秘书张漪萌女士的辞职报告。张漪萌女士因个人原因辞去公司董事 会秘书的职务，辞职后将不再担任公司任何职务。根据《中华人民共和国公司法》 《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律 监管指引第 1 号——规范运作》等法律法规及《上海晶丰明源半导体股份有限公 司章程》等有关规定，张漪萌女士的辞职报告自送达公司董事会之日起生效。 截至本公告披露日，张漪萌女士未直接持有公司股份，其离任后将继续遵守 《上海证券交易所科创板股票上市规则》《上市公司股东减持股份管理暂行办法》 《上海证券交易所上市公司自律监管指引第 15 号——股东及董事、高级管理人 员减持股份》等相关法律法规及公司首次公开发行股份、发行股份及支付现金购 买资产并募集配套资金、以及 2024 年 ...

Core Viewpoint - The report serves as an independent financial advisory opinion on the 2025 Restricted Stock Incentive Plan of Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd, ensuring compliance with relevant laws and regulations while assessing the plan's feasibility and potential impact on the company's sustainable development and shareholder interests [1][2][3]. Summary by Sections Section 1: Introduction - The independent financial advisor, Shanghai Xinguang Yihe Enterprise Management Consulting Co., Ltd, has been commissioned to provide an advisory report on the 2025 Restricted Stock Incentive Plan for Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd [1]. Section 2: Assumptions - The report is based on several assumptions, including the stability of current laws and regulations, the accuracy of information provided by the company, and the absence of unforeseen adverse factors [2][5]. Section 4: Main Content of the Incentive Plan - The incentive plan involves granting second-class restricted stocks sourced from either newly issued A-shares or repurchased A-shares from the secondary market [6][7]. - A total of 1.073375 million restricted stocks will be granted, representing approximately 1.22% of the company's total share capital of 88.048706 million shares [6][7]. - The plan's effective period is set for a maximum of 60 months, with specific vesting arrangements and a purchase price of 48.88 yuan per share [11][8]. Section 5: Independent Financial Advisor's Opinion - The advisor confirms that the incentive plan complies with relevant regulations and does not pose any significant risk to the company or its shareholders [19][20]. - The plan is deemed feasible in terms of operational procedures and aligns with the company's strategic goals [21]. Section 6: Financial Impact - The implementation of the incentive plan is expected to positively influence the company's sustainable operations and shareholder equity by motivating key personnel [25]. - The advisor emphasizes that the funding for the incentive plan will come from the participants' own resources, ensuring no financial assistance from the company [26]. Section 7: Performance Assessment - The performance assessment framework includes both company-wide and individual performance metrics, focusing on revenue and gross profit targets for the years 2025 to 2028 [15][18]. - The plan aims to align the interests of the company, shareholders, and key personnel, fostering a culture of accountability and performance [27].

Core Viewpoint - The company is preparing a draft for a restricted stock incentive plan for 2025, which has been reviewed and approved by the Board's Compensation and Assessment Committee, ensuring compliance with relevant laws and regulations [1][3]. Group 1: Eligibility and Compliance - The company meets the qualifications to implement the stock incentive plan, as it has not received negative or unqualified audit opinions on its financial reports in the last fiscal year [1]. - The incentive objects must meet the qualifications set forth in the Company Law, Securities Law, and Listing Rules, and must not have been deemed inappropriate candidates by regulatory bodies in the past 12 months [2]. - The company will publicly disclose the names and positions of the incentive objects for at least 10 days prior to the shareholders' meeting [2]. Group 2: Plan Details and Approval - The plan includes specific arrangements for the granting and vesting of restricted stocks, ensuring compliance with legal regulations and protection of shareholder interests [3]. - The implementation of the incentive plan is contingent upon approval at the upcoming shareholders' meeting [3].